It is a broadly described annual report of Karur Vysya Bank Limited in the year of 2017-2018. During the financial year, Total assets of the Bank stood at Rs. 66929,12,05 Crore. The total business of the Bank stood at Rs. 1,02,863.23 Crore as on 31st March 2018, as against Rs. 95,134.79 Crore a year before, registering y-o-y growth of 8.12%. The Bank’s Gross Deposits increased to Rs. 56,890.09 Crore as on 31st March 2018, as against Rs. 53,699.81 Crore as on 31st March 2017, by registering a growth of 5.94%. The Net Interest Income of the bank increased to Rs. 2,298.11 Crore from Rs. 2,073.70 Crore, registering a growth of 10.82%. Non-Interest Income grew by 15.05%, y-o-y from Rs. 782.22 Crore to Rs. 899.93 Crore. The Bank’s total expenditure was Rs. 6253,91,48 Crore during FY 2017-18. The Bank earned an operating profit of Rs. 1,777.32 Crore against Rs. 1,570.97 Crore of last fiscal, registering a y-o-y growth of 13.14%. The net profit of the Bank reduced from Rs. 605.98 Crore to Rs. 345.67 Crore due to highest provisioning requirements. The Earnings per share (EPS) of the Bank and the Book Value per equity share of Rs. 2/- each fully paid as on 31st March 2018 were at Rs. 4.98 and Rs. 85.49 respectively.
The Board of Directors of the Bank has recommended a dividend of Rs. 0.60 per Equity Share of face value of Rs. 2/- each i.e., @30% for the FY18.
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